Why Pi Network Team Is Betting High on Token2049 As Community Seeks Answers

The upcoming TOKEN2049 event on October 1-2 presents a golden opportunity for the Pi Network team to share its future growth plans. Everyone is eagerly awaiting the keynote address from founder Chengdiao Fan. The Pi community is expecting a clear roadmap from the Core team in terms of network upgrade, progress on Pi App Studio, and greater transparency with $100 Million Pi Ventures Fund.

Why TOKEN2049 Is A Big Deal for Pi Network?

The announcement two weeks before that Pi Network is a Gold sponsor at the TOKEN2049 event in Singapore has set some optimism in the Pi community. With network founder Chengdiao Fan set to address the keynote on October 1, the Pi community is seeking greater transparency from the Pi Core team.

The event offers the Pi Core team an opportunity to engage with the broader blockchain community and present its perspective on real-world utility, community building, and the future of blockchain adoption. Popular Pi community member Dr. Altcoin noted that the community expects a clear presentation and defined goals. On behalf of the Pi Community, he expects the core team to provide details on four areas.

1. Fully Upgrading Pi Blockchain to Protocol Version 23

Recently, the Pi Network made some key progress with the Testnet1 upgrade from version 19 to 22. This marks an initial step toward introducing enhanced functionality and control on the blockchain.

Although the core team is currently working to upgrade Testnet1 to version 23, Dr. Altcoin demands that the core team bring them to the Pi blockchain faster. The upgrade will establish the technical foundation for a secure and scalable mainnet.

Additionally, the version 23 upgrade will strengthen Pi Network’s capacity to process higher transaction volumes while maintaining stability in real-world conditions. Besides, it will also improve consensus, transaction handling, and interoperability with other blockchain components.

2. A Clear Pi Network Roadmap And Key Milestones

Despite a massive community of over 100 million Pi coin users globally, the Pi core team has failed to disclose a clear roadmap for the Pi Network mainnet launch. Following the blockchain launch in 2019, the Pi core team pledged to build an ecosystem where Pi coins could be used for peer-to-peer transfers, marketplace payments, and decentralized applications (dApps).

Now, six years later, Pi blockchain continues to stay in a regulatory gray area. Furthermore, the Pi token listing on major exchanges such as Binance, Coinbase and Kraken, still remains in limbo.

3. Progress Made with Pi App Studio

During Pi2Day 2025 event in June, the Pi Network team unveiled the Pi App Studio, an AI-powered no-code platform for building apps and chatbots within the Pi Browser. Following an initial thrust with 7,900 dApps built on Pi App Studio, within weeks of launch, there’s no major update on further progress made. In the recent past, top community members like Woody Lightyear have complained of being unable to create apps using the App Studio.

Tried creating an app with Pi App Studio many times. It doesn't work. @PiCoreTeam pic.twitter.com/xH8lCZb8H8

— Woody Lightyear 𝛑 (@WoodyLightyearx) August 21, 2025

4. Transparency With the $100 million Pi Network Ventures

To boost the Pi coin adoption, the Pi core team unveiled a $100 million Pi Ventures fund, denominated in both Pi and USD, aimed at supporting startups and businesses that drive utility and real-world adoption. Pi community member Dr. Altcoin has called for greater transparency around Pi Network Ventures’ $100 million fund.

He emphasized the need for detailed disclosures, including case studies, to show how the capital has been allocated and the progress of supported projects. “We don’t want to see the price plummet again like it did during the Consensus conference last May,” wrote Dr. Altcoin.

The Pi coin price continues to stay under pressure and is currently flirting with $0.35, down nearly 90% from its all-time high of around $3.0. The TOKEN2049 could be a make-or-break event for Pi coin investors.